Associate - Equities Team, Markets Division

Ref R00191
Location London, Canary Wharf - Canada Square
Directorate Risk
Job Family Regulatory
Division Markets & Capital Markets Sector


Background

The Market Infrastructure and Policy Department is one of three departments which make up the Markets Division. The principle aims of the department are: to identify issues and risks that may affect the fair, efficient and orderly functioning of markets; to deliver effective supervision of market infrastructure providers; and provide policy support on primary and secondary market issues.
The Equity Markets team is responsible for the supervision of the UK equity markets infrastructure, which is a central part of the FSA responsibilities. The exchanges for which the team is responsible include the London Stock Exchange and PLUS Markets as well as a number of investment firms that operate multilateral trading facilities (MTFs) including Chi-X, Turquoise, and BATS Europe. As well as its direct supervisory role, the team provides the equities expertise within the Markets Division, undertaking equity market surveillance and contributing an equities perspective to the development of policy.

A junior associate vacancy has arisen to work as part of the team, supporting the senior supervisor on the supervision of the Chi-X Europe, and participating in the NYSE Liffe supervisory college. The vacancy will offer an excellent opportunity to gain first hand supervisory experience, develop analytical and relationship management skills and knowledge of the operations, issues and developments relating to the equity market infrastructure in the UK. The successful candidate will have good communication and analytical skills, and have a genuine interest in UK securities markets.




What does this job involve ?


Contribute to the ongoing supervisory programme of Chi-X Europe including the preparation and production of reports and papers that support the work, assistance in risk assessment and mitigation programmes, as well as regulatory due diligence on new trading services and products that may have regulatory implications..
Contributing to the work of the Euronext College of Regulators in assessing initiatives that have cross-market implications for the continental Euronext markets and LIFFE. This would involve working collaboratively with the Dutch, French, Portuguese and Belgian regulators to ensure a harmonised response to proposals, whilst taking into account London's position as a financial centre.
Developing and maintaining constructive relationships with the supervised institutions' regulatory and business personnel, and liaising with other FSA departments (such as Policy, Legal and Market Conduct areas) where appropriate.
Provide analytical support to the senior supervisors and contribute to discrete supervisory projects.
Obtaining a good understanding of regulatory and structural issues impacting the securities exchanges and equity markets together with knowledge of the relevant supervisory sourcebook
Undertaking project work and participation in working groups, including cross FSA as appropriate.



Which Essential & Desirable skills are required?

Essential
Drive, enthusiasm and self-motivation
Decision Making: an ability to make timely decisions based on the relevant analysis of the situation and to provide solutions.
Analysis: be able to demonstrate strong analytical skills, with an ability to deal with involved complex issues and to bring logical and reasoned thinking to address them.
Communicate effectively: strong communication skills including the ability to write, and to deliver feedback, clearly and confidently. The ability to adapt your style and approach to meet the needs of the audience.
Teamwork: Excellent team working skills which include a collaborative and participative style to constructively achieve results and deliver agreed outcomes.
Relationship Management: the ability to establish, develop and maintain relationships with all levels of stakeholders, both internal and external.
Be confident in challenging and communicating with management at regulated entities.
Good organisational and time management skills to deal with a high volume and varied portfolio.
Desirable

Project Management skills.
Good negotiation and influencing skills
An appreciation of how exchanges operate.
An understanding of the equity markets.
Experience in dealing with external third parties, such as regulated firms.
Experience in areas such as risk management, risk control and audit etc would be an advantage though not a necessity.



What will I get from the role ?


Contribute to a small friendly team supervising both traditional exchanges and new trading platforms during a time of significant change, including the demands increasing competition and implementation of new EU legislation
Contribute to a successful and lively team with a varied and interesting workload.
Working closely with other European regulators.
Develop significant knowledge of equities markets, market infrastructure, policy issues affecting these areas and build key supervisory skills.
Opportunity to work on institutions with a high profile both within the FSA and externally.
Liaise and participate in discussions on key issues within the FSA and at the exchanges.
Build analytical, relationship and team-working skills.
Exposure to market issues and practitioners.



Additional Website Text


In order to apply for this position you will need to answer the following question:

Why do you believe that you are suitable for this role? Please ensure that you specifically relate your answer to the ESSENTIAL criteria listed in the job advert, covering your relevant skills, technical knowledge and capabilities. (In no more than 300 words).

Further information on the position can be obtained from Jennifer Boneham, Manager, Equity Markets (+44 207 066 1128).

Salary Range: We are looking for someone to operate at the Associate level in the Regulatory job family (REG B) but would be willing to take someone with more junior experience (REG A), (with a view to them progressing to REG B in the future).

Closing Date: 30th July 2010

To applÿ: http://www.i-grasp.com/fsa01/tpl_fsa01.asp?newms=jj&id=33195